What are the responsibilities and job description for the Processing Specialist position at Ascensus?
Newport, an Ascensus company, helps employers offer their associates a more secure financial future through retirement plans, insurance and consulting services. Newport offers comprehensive plan solutions and consulting expertise to plan sponsors and the advisors who serve them. As a provider and partner, Newport is independent, experienced, and responsive.
JOB SUMMARY: The Processing Specialist formats and loads payroll and withholding information to post into participant accounts utilizing the pricing services to collect prices, dividends and other corporate actions. The Processing Specialist works closely with other departments to help cross check participants' accounts for accuracy and timely reporting.
ESSENTIAL FUNCTIONS Reasonable accommodations may be made to enable individuals with disabilities to perform these essential functions.
* Confirms participant vesting and vested account balances
* Verifies documentation and information for all distributions and posts distributions into system; updates participant personal and election data as needed
* Manages plan features and database rules to ensure 409a compliance
* Communicates with the internal client service team or relationship contacts to identify and prioritize issues that need immediate attention
* Adjusts file layouts to the correct format for processing; manages and processes scheduled withdrawal requests.
* Provides assistance to management and departmental teams for all projects as needed
* Coordinates details, creates records, and follows up on replies relating to special projects as directed
* Assists in streamlining processes.
* Regular, reliable and punctual attendance
MANAGMENT RESPONSIBILITIES (NONE)
REQUIRED EDUCATION, EXPERIENCE AND CERTIFICATES, LICENSES, REGISTRATIONS
* High school education
Must be able to work a 7am - 4pm shift at least one day of the week.
PREFERRED (BUT NOT REQUIRED) EDUCATION OR SKILLS FOR THIS ROLE ARE
* Bachelor's degree (B. A.) in economics, accounting or finance from a four-year
College or university, or related work experience
* Intermediate Excel, Word, and Access skills
COMPETENCIES
* Analytical
* Problem Solver
* Project Management
* Research Skills
* Leadership
* Planning and Organization Skills
* Written and Verbal Communication skills
* Judgment
* Critical Thinking
* Independent
* Team Player
* Detail Oriented
* Proactive
* Motivated
TRAVEL: Up to 5 %.
OTHER DUTIES
Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities and activities may change at any time with or without notice.
For all virtual remote positions, in order to ensure associates can effectively perform their job duties with no distractions, we require an uninterrupted virtual work space and there is also an expectation of family care being in place during business hours. Additionally, there is an internet work speed requirement of 25 MBps or better for individual use. If more than one person is utilizing the same internet connection in the same household or building, then a stronger connection is required. If you are unsure of your internet speed, please check with your service provider. Note: For call center roles specifically, it is a requirement to either hardwire your equipment directly to the internet router or ensure your workstation is in close proximity to the router. Please ensure that you are able to meet these expectations before applying.
At Ascensus, we aspire to make a difference for others. We are a technology-enabled services company that helps people save for retirement, education, and healthcare through our network of institutional, financial advisor, and state partners. Our culture is guided by sound principles, is committed to high standards, operates with transparency, and welcomes diversity-housed within our Core Values: People Matter. Quality First. Integrity Always.
As a leading independent recordkeeping services partner, retirement plan third-party administrator, and government savings facilitator, we aim to hire associates who find pride in going to work every day knowing that they help more than 12 million people save for what matters.
Ascensus is an Equal Opportunity Employer and does not discriminate on the basis of race, color, creed, national origin, ancestry, religion, age, citizenship, sex, marital or veteran status, disability or handicap, sexual orientation or any other basis prohibited by applicable law. Ascensus also takes affirmative action to employ, and advance in employment, qualified women, minorities, and covered veterans. Ascensus also makes reasonable accommodations for qualified individuals with disabilities, in accordance with the Americans with Disabilities Act and applicable state laws
